Gregory D. Smith Sells 36,079 Shares of Boeing Co (BA) Stock

Boeing Co (NYSE:BA) CFO Gregory D. Smith sold 36,079 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $337.43, for a total transaction of $12,174,136.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Boeing Co (NYSE:BA) traded up $10.89 on Monday, reaching $343.80. 6,890,000 shares of the company’s stock were exchanged, compared to its average volume of 6,280,000. The stock has a market cap of $204,760.00, a price-to-earnings ratio of 25.54, a PEG ratio of 1.83 and a beta of 1.44. The company has a debt-to-equity ratio of 23.74, a quick ratio of 0.37 and a current ratio of 1.16. Boeing Co has a 1-year low of $164.47 and a 1-year high of $361.45.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, January 31st. The aircraft producer reported $4.80 earnings per share for the quarter, beating analysts’ consensus estimates of $2.91 by $1.89. The business had revenue of $25.37 billion during the quarter, compared to analyst estimates of $24.78 billion. Boeing had a net margin of 8.78% and a negative return on equity of 11,050.62%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.47 EPS. research analysts expect that Boeing Co will post 14.01 earnings per share for the current fiscal year.

Boeing announced that its Board of Directors has initiated a share repurchase plan on Monday, December 11th that allows the company to buyback $18.00 billion in shares. This buyback authorization allows the aircraft producer to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 9th will be given a dividend of $1.71 per share. This is an increase from Boeing’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 1.99%. Boeing’s payout ratio is presently 50.82%.

BA has been the subject of a number of recent analyst reports. Buckingham Research restated a “hold” rating and issued a $203.00 price objective on shares of Boeing in a report on Friday, December 22nd. Jefferies Group restated a “buy” rating and issued a $339.00 price objective on shares of Boeing in a report on Monday, January 8th. Credit Suisse Group restated an “outperform” rating and issued a $375.00 price objective (up from $310.00) on shares of Boeing in a report on Friday, January 12th. They noted that the move was a valuation call. ValuEngine upgraded shares of Boeing from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Goldman Sachs Group set a $293.00 price objective on shares of Boeing and gave the stock a “neutral” rating in a report on Wednesday, January 31st. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $353.24.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Boeing by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 40,412,706 shares of the aircraft producer’s stock valued at $7,991,613,000 after acquiring an additional 407,511 shares during the period. BlackRock Inc. grew its position in shares of Boeing by 2.1% during the 4th quarter. BlackRock Inc. now owns 35,515,544 shares of the aircraft producer’s stock valued at $10,473,889,000 after acquiring an additional 713,832 shares during the period. Jennison Associates LLC grew its position in shares of Boeing by 20.3% during the 3rd quarter. Jennison Associates LLC now owns 6,873,128 shares of the aircraft producer’s stock valued at $1,747,218,000 after acquiring an additional 1,160,859 shares during the period. Janus Henderson Group PLC grew its position in shares of Boeing by 7,215.0% during the 2nd quarter. Janus Henderson Group PLC now owns 4,919,937 shares of the aircraft producer’s stock valued at $972,919,000 after acquiring an additional 4,852,679 shares during the period. Finally, Ameriprise Financial Inc. grew its position in shares of Boeing by 13.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,424,281 shares of the aircraft producer’s stock valued at $870,618,000 after acquiring an additional 402,240 shares during the period. 70.45% of the stock is owned by hedge funds and other institutional investors.

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Boeing Company Profile

The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.

Insider Buying and Selling by Quarter for Boeing (NYSE:BA)

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